Greetings Chiefs!
In the past couple of weeks, the meta in the Solana NFT Space has moved from projects targeting utility to great pfp worthy NFTs with the main focus on branding. Apart from the desire to build a strong brand, these projects have one more thing in common, which is that all of them have closed discords with at least 100,000 followers on both Twitter and Discord.
However, during these times there is this one project that is targeting a segment where not a lot of projects have gone before.
Let’s talk about the ReGuLaTeD.
The mint details of the project are as follows:
Supply: 5000 (WL) | 1969 (Public)
Cost: 2.5 $SOL
Time: 6 pm UTC (WL) | 8 pm UTC (Public)
ROADMAP
The main catalyst of the project is starting their very own podcast named “REGULATED CAST”.
Here the plan will be to get the votes of their community members on the guests, topics and questions that they want to invite, learn and get answers to in that podcast. The main aim of that podcast will be to explore all the latest developments going on in the WEB3 Space.
Now here comes the interesting part, all these podcasts will be open for advertisements and promotions and the revenue earned from these podcasts will later be distributed among the holders of the NFTs.
However, not all holders will be eligible to receive a share of those podcast revenues. Only those holders who will stake their NFTs during the course will be eligible.
Now the main aim of the podcast is to help everyone learn more about the WEB3 Space, will the opinion of the general public be heard during these votes?
And the answer to this question is their airdrops. The holders who will stake their NFTs will get eligible for airdrops in the future where those who receive a studio airdrop will get a chance to rent it out for a fee and the other person will get the chance to cast his/her vote on a specific topic.
There is one more thing that the project is working towards.
In the roadmap, they have mentioned that in the future the project will work towards launching their animated series where the NFT characters will play a role. However, not many details about this have been shared yet.
ART
The art of the project is unique and it suits the idea of them working towards an animated series. However, since the supply is too high I am not sure how the commons will look because the same thing happened with crypto coral tribes with their commons not looking decent enough which later lead to a heavy sell out.
Talking about their website, I would say I loved the work.
It is clean and simple but it shows the work put into it. So full marks to the team here.
ENGAGEMENT
Here again, I would give full marks to the team for their work. The project launched its Twitter and Discord in mid-April and till now they have around 90,000 followers on their Twitter with around 50 mutual followers between us.
The engagement of their Twitter is quite impressive with them getting an average response of around 2000+ likes.
They have around 50,000 members on their Discord server and the community in the Discord has been active throughout, with their chats running wild day in and day out. Again, they are clocking an average of 2000+ reactions in their announcement and sneak peeks.
To conclude, I would say that I like the concept towards which the team is working. Every day we see a lot of newcomers in the space with them facing the same problem of where to start and where to get all the information. A podcast which covers all the spheres of the WEB3 Space is a boon for such players.
Also, I am excited to see how the animated series concept will work out. However, that is a thing of the future.
With all the good things there are some things which need to be addressed as well:
- The one thing that I found missing in the project is the reason which will hold the community together. The team will launch the staking after the mint and they have plans to reward their holders in the long run with a steady income, however, there the one thing I could not find is a reason which will unite the community members and show their strength.
- As I said above, I liked the art but I am not sure how the commons will look and that is one of the deciding factors of how the project will do in the secondary market apart from their hype and roadmap.
- Last but not the least, the market is not the same as it was just 2 weeks back. The demand has been dying down and we have seen a lot of good projects failing to make an impact. Keeping that in mind I would not recommend anyone going all in any project hoping that it would be the next big thing. Times like these are where you need to conserve your energy as well as your liquidity.
I would rate the project 3.5/5 based on the concept that they are working on and the fact that the team has efficiently built such hype around the project.
As Always DYOR.
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Thank You!
